In 2019 the state of Illinois issued 144,590 Work Opportunity Tax Credit certifications.
The Work Opportunity Tax Credit, known as WOTC, is a federal tax credit available to employers who hire individuals from target groups, that include qualified Veterans, individuals on food stamps and more. The Work Opportunity Tax Credit is available throughout the United States, and in 2019 it was worth $4.9 Billion dollars to employers. 2,066,616 total Work Opportunity Tax Credits were issued in the United States in 2019.
Nationwide Illinois issued 6.99% of WOTC Tax Credits in 2019. Illinois was also one of four states that issued over 100,000 WOTC certifications.
Work Opportunity Tax Credit Statistics for Illinois 2019:
|WOTC Target Group||Total Credits||Percentage|
|Long Term Unemployment||10,595||4.20%|
|Long term IV-A (TANF)||6,066||4.20%|
|Designated Community Resident||2,962||2.05%|
|Veteran unemp. 4 Wk||2,413||1.67%|
|Veteran unemp. 6 Mo.||1,759||1.22%|
|Veteran Receiving SNAP||199||0.14%|
|Disabled Veteran unemp. 6 Mo.||22||0.02%|
More about the Work Opportunity Tax Credit’s target groups.
Illinois WOTC Tax Credit Certification 2014 – 2019:
|WOTC Certifications||Current Pending*||Denials||Total Requests|
*Pending at time of publishing (May 2020).
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